My Honest Advice for Wholesaling Success in 2021 | Real Estate Investing

TL;DR

A 21-year-old real estate wholesaler shares his journey from being a bag boy to building a successful seven-figure wholesaling business, offering advice and insights for others interested in real estate investing.

Transcript

other people's ego to make a lot of money that's  what i love doing so i went on facebook i actually   went to max maxwell's group and i searched a  bunch of kids my age who don't know jack squat   about wholesaling or talking to sellers and i was  seeing what they were doing because if these guys   who don't know anything about talking to sellers ... Read More

Key Insights

• 🏛️ Repetition and building rapport are crucial in successful wholesaling.
• 👨‍💼 Scaling a wholesaling business involves delegating tasks and focusing on marketing and acquisitions.
• 👯 Virtual wholesaling can be successful by targeting markets identified through other people's success.

Questions & Answers

Q: How did the speaker learn wholesaling without the help of his father?

The speaker observed and learned from others in Facebook groups who were new to wholesaling, taking advantage of hot markets and learning from their experiences.

Q: What is the speaker's approach to building rapport with sellers?

The speaker believes in being a human and truly caring about the seller's situation. He focuses on understanding their needs and offering solutions, rather than solely focusing on the property.

Q: How does the speaker approach virtual wholesaling in different markets?

The speaker recommends using other people's success in Facebook groups to identify hot markets. He focuses on markets where inexperienced wholesalers are still able to find deals, indicating a potential for success.

Q: What is the speaker's future vision for his business?

The speaker plans to continue wholesaling but also explore creative financing options, such as subject-to and lease options. He sees potential for higher ROI and scalability in these strategies.

Summary & Key Takeaways

• The speaker started his real estate journey at the age of 17, quitting his minimum wage job and making over $100k in profits by the time he graduated high school.

• He runs a large wholesaling business, focused on the Florida market, with a strong emphasis on building rapport with sellers.

• While the speaker started with bandit signs and cold calling, he has now scaled his business and delegates most tasks, spending only 5 hours a week on running the operation.